Jul 9, 2021 | Congressional Legislation, News
House Financial Services Committee Holds Hearing on Proposals to Overhaul Credit Reporting The House Financial Services Committee (HFSC) recently held a hybrid hearing entitled “A Biased, Broken System: Examining Proposals to Overhaul Credit Reporting to Achieve...
Jul 5, 2021 | Banks & Credit Unions, Congressional Legislation, News
Rep. Maloney Introduces Overdraft Protection Act Representative Carolyn Maloney (D-N.Y.), a senior member of the House Financial Services Committee, recently reintroduced her Overdraft Protection Act, which would restrict the number of times banks can collect...
Jun 25, 2021 | Congressional Legislation, Federal Regulation, News
House Votes to Overturn True Lender Rule, Sending Repeal to President’s Desk Yesterday, House lawmakers voted to pass legislation overturning the Office of the Comptroller of the Currency’s (OCC) “true lender” rule issued in October, which governs partnerships...
Jun 16, 2021 | Congressional Legislation, News
Stimulus Checks Helped Americans Pay Bills, Reduce Economic Anxiety, Analysis Shows A new analysis of Census Bureau data revealed that government stimulus checks sent out during the coronavirus pandemic substantially aided Americans in paying basic bills, as well as...
Jun 11, 2021 | Congressional Legislation, News
Senate Passes Eight Bipartisan Indian Affairs Bills Last month, the U.S. Senate Committee on Indian Affairs passed eight bills to help promote Tribal economic development, as well as strengthen Tribal Self-Determination. The bills now head to the House for further...
May 28, 2021 | Congressional Legislation, News
Brown to Introduce Legislation Capping Interest Rates at 36% Earlier this week, chairman of the Senate Banking Committee Sherrod Brown (D-Ohio) told Reuters that he is prioritizing legislation that would place a national 36 percent APR cap on loans. This announcement...
